Jamie Dimon

JPMorgan Chase & Co.'s second-quarter profit rose 4 percent as the bank made up for lower revenue by cutting expenses. The largest U.S. bank by assets said Tuesday that it earned $5.78 billion, or $1.54 a share, in the latest quarter, up from $5.57 billion, or $1.46 a share, a year earlier. Net revenue totaled $23.81 billion, down from $24.68 billion. Revenue at three of the four JPMorgan businesses fell or was flat. The only business where it grew was asset management. But as revenues declined, JPMorgan was able to compensate by cutting expenses, reducing headcount, and through a $330 million gain as its corporate tax rate fell. Barclays' analysts said the tax benefit was the...

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JPMorgan Chase & Co.'s second-quarter profit rose 4 percent as the bank made up for lower revenue by cutting expenses. The largest U.S. bank by assets said Tuesday that it earned $5.78 billion, or $1.54 a share, in the latest quarter, up from $5.57...

Here's a fun banking fact: JP Morgan Chase owns the pistols used in the famous duel between Aaron Burr (founder of a firm that merged with the bank) and Alexander Hamilton. I saw the pistols in person a few years ago and, since they were antiques, I...

The cream of the investment and corporate worlds gathered nearly a decade ago when JPMorgan Chase & Co. celebrated Jimmy Lee's 30 years in the banking business — a seemingly endless list of names including Henry Kravis, Stephen Schwarzman, Barry...

I need to apologize to that growing class of big bankers who have admitted -- time and time and time again -- to fleecing their own clients and the entire global financial system through wholesale, systematic fraud and abuse. In the past I've called you...

The House of Representatives averted a government shutdown on Thursday, narrowly passing a $1.1 trillion spending bill despite strenuous Democratic objections to controversial financial provisions.
The vote followed a long day of...

Billionaire investor Warren Buffett had opinions to spare Friday, when he dished on JPMorgan’s Jamie Dimon, Wells Fargo’s home lending prowess, the future of the euro and newspapers, Facebook and more.“I’ve had enough mistakes of my own that I’m very...

TAMPA, Fla. — Investors at the JPMorgan shareholder conference are concerned with the bank's recently disclosed $2-billion loss and 12% plunge in their stake in the bank."When you are 94 years old, you don’t want to see any of your investments...